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30-10-2014 22:52:00 | by: Administrator | hits: 24069822 | Tags:

National Bank of Kuwait -Egypt digitizes corporate business operations
23-04-2021 | 09:24:49
The technology reinforces the bank endeavors to digitalize corporate business online operations and build lasting customer relationships to win in the Digital Economy.
Egypt’s solar plant Kom Ombo receives $114m financing package
23-04-2021 | 05:48:00
The EBRD, the OPEC Fund, the African Development Bank, the Green Climate Fund and Arab Bank signed a $114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt.
RDIF, Minapharm to produce over 40 million doses of Sputnik V in Egypt
22-04-2021 | 10:22:00
The Russian Direct Investment Fund (RDIF), Egypt's Minapharm, and its Berlin-based subsidiary, ProBioGen AG, have agreed to produce over 40 million doses per year of the world's first registered vaccine against COVID-19, Sputnik V.
[Egypt] EyeLock secures government contract for its portable template technology
21-04-2021 | 13:42:24
EyeLock's recently introduced, Portable Template solution was selected due to its ability to provide a highly secure and accurate iris biometric solution and protect the user's personally identifiable information.
Egypt, South Sudan sign MoU to build integrated crop livestock fish farming
19-04-2021 | 06:57:45
Egypt and South Sudan signed have signed a memorandum of understanding to build an integrated farming of crop, livestock and fish.
[Egypt] Central Bank partners with NTRA to digitize pension scheme
16-04-2021 | 14:47:49
The Central Bank of Egypt (CBE) has announced signing a cooperation agreement with the National Telecommunication Regularity Authority (NTRA) to help pensioners obtain their financial dues and proceed ahead with any banking transaction swiftly and easily.
Esri partner QSIT implements AI solution for Egyptian agriculture sector
16-04-2021 | 10:39:00
Esri , the global leader in location intelligence, announced the Egyptian partner Quality Standards for Information Technology (QSIT), has successfully implemented the Crop Mapping and Field Boundary Detection solution.
QSIT implements Artificial Intelligence solution for Egyptian agriculture sector
15-04-2021 | 12:36:24
To meet challenges such as crop disease, weed management, pest control, and irrigation, Agricultural Engineering Research Institute (AEnRI) sought to increase agricultural output in different regions all over Egypt.
Petrobel selects LOC for Egypt offshore work
15-04-2021 | 06:27:45
Marine engineering consultancy LOC, part of AqualisBraemar LOC Group, has been awarded a two-year contract to provide marine warranty services to support Petrobel’s offshore assets.
[Egypt] Amazon payment services waives service fees for SMEs to support Central Bank initiative
14-04-2021 | 06:30:56
Amazon Payment Services, a payment processing service in the Middle East and North Africa (MENA) region, has announced that it will be waiving all fees for new businesses wishing to benefit from its services in Egypt.
ACICT and Logix build the largest smart and secure learning platform in Egypt
13-04-2021 | 14:24:48
The agreement aims to empower the educational sector and prepare it for the post-Covid era, especially after the increased confidence in distance learning and the need for an integrated and safe platform for smart education.
[Egypt] Government partners with Webhelp to grow IT outsourcing services
12-04-2021 | 05:58:57
The agreement aims to expand the company's business in Egypt, contributing to the creation of 4,800 new jobs of highly qualified specialists to provide outsourcing services to the company's customers worldwide.
Egypt government partners with Siemens to establish first Industry 4.0 Innovation Center
09-04-2021 | 08:05:47
The IIC aims at raising awareness of the Fourth Industrial Revolution technologies and practical applications in smart factories.
Alstom puts into service the Samalut Sector of the Beni Suef Assuyt railway line in Egypt
09-04-2021 | 06:40:54
Alstom announced it successfully installed and commissioned its SIL 4 signaling Electronic Interlocking SYSTEM, including a support system and SCADA that supervises and controls different subsystems.
Law firm Al Tamimi & Company grows MENA footprint with new office in Egypt
08-04-2021 | 16:38:51
Al Tamimi & Company will provide critical guidance to companies navigating complex cross-border transactions in the maritime, shipping and customs sectors.
valU and PayTabs Egypt target shoppers with new financing plans
08-04-2021 | 13:12:25
The partnership will allow LuLushoppers to benefit from valU’s affordable and convenient financing plans, powered by PayTabs Egypt’s payment gateway.
Binance Charity announces $1 million crypto donation to UNICEF to help in global COVID-19 vaccine rollout
08-04-2021 | 09:07:00
Binance Charity has announced the world’s first crypto donation to UNICEF’s role in the global COVID-19 vaccine rollout—the largest vaccine procurement and supply operation ever undertaken.
Egypt government and Danish tech firms explore ways of digital cooperation
08-04-2021 | 05:54:31
They discussed areas for cooperation, establishing partnerships between the two countries in digital technologies, and growing the IT market in Egypt and Denmark.
Lafarge Egypt launches first Ecolabel cement in the country
07-04-2021 | 17:56:24
The new products comply with the company’s green criteria, including lower CO2 footprint and recycled content.
AfDB extends €145m loan to bolster railway safety and reliability in Egypt
06-04-2021 | 10:56:00
The African Development Bank (AfDB), approved a loan of €145 million to finance reliability and performance upgrades to the country’s rail system under the Egypt National Railways Modernization Project (ENRMP).
United Oil and Gas announces discovery at ASD-1X well, Abu Sennan Concession, Egypt
06-04-2021 | 08:34:00
United Oil and Gas, the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, announced discovery at ASD-1X exploration well in the Abu Sennan concession, onshore Egypt.
Network International appoints Hany Fekry Regional President for Northern and sub-Saharan Africa.
05-04-2021 | 12:16:26
Network International, an enabler of digital commerce across the Middle East and Africa (MEA), has appointed Egyptian national Hany Fekry as the Regional President for Northern and sub-Saharan Africa.
Egypt smartphone market records healthy growth despite COVID-19, IDC
02-04-2021 | 06:03:54
While most smartphone markets across the Middle East and Africa suffered declines in 2020, Egypt recorded healthy year-on-year (YoY) growth according to the latest figures announced by International Data Corporation, IDC.
Elaraby leverages cloud to deliver efficiency across businesses in Egypt, Africa and Middle East
01-04-2021 | 08:01:05
Riverbed® has announced that Elaraby Group, an Egyptian manufacturer and retailer of home electronics, has maximized the value of its Microsoft Office 365 investment by deploying Riverbed® SaaS Accelerator.
Siemens Energy provides grid stabilization in Sudan enabling Egypt power export
31-03-2021 | 06:19:31
The project will improve supply and enhance reliability of power across Sudan. Today, only around 60 percent of the population in Sudan has access to electricity.
[Egypt] Vodafone Intelligent Solutions launches Digital Society Hackathon targeting professionals in data coding
31-03-2021 | 06:16:54
With its theme of “A Code to Move the World”, the hackathon aims to provide an opportunity for talented young people to develop their skills, share ideas and get inspired by a team of exceptional experts, mentors and speakers.
Pharos Energy receives provisional approval for amendment of fiscal terms of El Fayum Concession in Egypt
30-03-2021 | 14:26:28
Pharos Energy has received provisional approval from the Egyptian General Petroleum Corporation's (EGPC) Main Board to an amendment of the fiscal terms of its El Fayum Concession, now subject to the approval of the Egyptian Government.
PGS awarded extended long offset contract offshore Egypt
30-03-2021 | 14:13:00
PGS has been awarded a high-fidelity 3D exploration program by a supermajor offshore Egypt. The survey will be acquired using an Extended Long Offset (ELO) configuration with Ramform Tethys towing a wide multi-sensor GeoStreamer spread.
[Egypt] Kemin becomes a majority shareholder in animal vaccine company MEVAC
30-03-2021 | 06:54:00
Kemin Industries is growing its presence in the global vaccine market by becoming majority shareholder of MEVAC, an animal vaccine manufacturer based in Cairo, Egypt.
TIME Hotels set to open its first two hotels in Egypt
26-03-2021 | 06:49:06
UAE-based TIME Hotels will be opening its first two hotels in Egypt later this year – the five-star TIME Coral Resort Nuweiba in the Red Sea resort of Nuweiba and the four-star TIME Marina Hotel & Conference Centre.
Shelf Drilling secures contract extension on Trident 16 in Egypt
26-03-2021 | 05:44:46
Shelf Drilling announced it has secured a two-year contract extension for the Trident 16 jack-up rig in direct continuation of its current term with Belayim Petroleum Company (Petrobel) for operations in the Gulf of Suez offshore Egypt.
Brightskies and Alexandria University secure EGP 5million fund to develop electrical powertrain system in Egypt
25-03-2021 | 06:46:17
The funding underscores Egypt’s plans of using the largest possible percentage of local components in the automotive sector as well as focusing on reducing CO2 emissions and having more sustainable and green public transportation means, which will positively impact the overall environment and air quality.
[Egypt] Majid Al Futtaim launches digital service to meet demand for online shopping
25-03-2021 | 06:40:38
Newly launched "click and collect" service reinvents shopping experiences in Egypt to offer customers more convenience and choice.
Lafarge Egypt partners with National Research Centre to promote use of innovative construction materials
25-03-2021 | 06:30:31
The National Research Centre (NRC) and Lafarge Egypt, a member of LafargeHolcim Group, have inked a Memorandum of Understanding, to promote the future of the Cement Industry in Egypt.
IFC, Egyptian Fintech Association partner to support fintech entrepreneurs
25-03-2021 | 05:53:00
IFC, a member of the World Bank Group, is joining forces with the Egyptian Fintech Association to support fintech entrepreneurs, part of a wider effort to spur private sector development and economic growth in the country.
Cybercrime worries on the increase, but Africa’s mobile users loath to leave WhatsApp, KnowBe4
25-03-2021 | 05:52:59
Africa’s mobile users are increasingly concerned about mobile risks and the potential for digital identity theft; however, this is not stopping them from using their favourite messaging platforms and applications.
TransGlobe Energy announces successful recompletion of SGZ-6X well in South Ghazalat concession, Egypt
24-03-2021 | 09:26:00
TransGlobe Energy announced that the recompletion of Western Desert, South Ghazalat (SGZ-6X well), to the deeper, more prospective lower Bahariya reservoir, has been successfully concluded.
U.S. collaborates with Google to provide training and mentorship to small businesses in Egypt
24-03-2021 | 06:50:00
The United States government, through the U.S. Agency for International Development (USAID), is collaborating with Google to train and mentor hundreds of Egyptian women and youth business owners, as well as business advisors, in 2021.
United States announces $14.5m to prepare Egyptian university students for careers
24-03-2021 | 06:26:00
The U.S. government, through the U.S. Agency for International Development (USAID), will be providing an additional $14.5 million to prepare Egyptian public university students for career success.
Egypt partners with UAE to develop certified online education system
24-03-2021 | 04:56:50
Egypt and UAE officials have discussed collaborations to develop the content of the Digital School to provide a certified high-tech online education to reach students in disadvantaged communities across the world.
Telecom Egypt raises proposed dividend for 2020 financial year
23-03-2021 | 13:58:15
In its recently held AGM, Vodafone Egypt approved a dividend of EGP 2 billion, of which Telecom Egypt’s share amounts to cEGP 0.9 billion.
Egyptian Space Agency signs cooperation protocol with the French Space Agency
19-03-2021 | 15:19:38
This is not the first time Egypt is cooperating with France as the French Space Agency has previously offered cooperation with Egypt in the manufacture of a satellite, training and outer space exploration.
MCIT partners with Thales to accelerate development of AI in Egypt
19-03-2021 | 09:28:00
The Ministry of Communications and Information Technology (MCIT) in Egypt has signed a MoU with Thales, a global company in high technology solutions to further develop Artificial Intelligence applications in the country.
[Egypt] AEEE Capital Holding signs $650 million deal for construction of a 500-acre development
18-03-2021 | 10:45:00
AEEE Capital Holding & Advisory Group Inc (AEEE) has signed a $650 million deal to complete development and construction management of a 500-acre Phase II sector of the New Capital East of Cairo in Egypt.
EBRD boosts Egyptian private enterprises and trade with $100m financing
18-03-2021 | 06:12:00
The European Bank for Reconstruction and Development (EBRD) is supporting the Egyptian economy with a $100 million financing package to Banque du Caire for trade financing and on-lending to local micro, small and medium-sized companies (MSMEs).
Orange Egypt and Tabarak Development transform real estate project 90 Avenue into an Integrated Smart Compound
17-03-2021 | 09:14:00
Orange Egypt, a provider of integrated telecommunications services, has signed a cooperation agreement with Tabarak Development, the real estate developer in Egypt.
ITIDA issues new e-signature licenses to accelerate digital transformation in Egypt
17-03-2021 | 09:11:48
Egypt’s Information Technology Industry Development Agency (ITIDA) has issued new licenses for local companies to provide e-signature services.
International tech companies partner with MCIT on Digital Egypt Builders Initiative
17-03-2021 | 09:08:00
The aim is to hone the technical skills of the initiative participants, introduce state-of-the-art digital technologies and provide excellent opportunities of professional training.
IFC, ALEXBANK partner to promote Egyptian farmers switch to solar irrigation systems
17-03-2021 | 07:14:00
IFC and ALEXBANK, a Egyptian private bank, announced a partnership to help Egyptian farmers access financing to purchase solar irrigation systems, reducing their reliance on diesel-powered generators and boosting their productivity and incomes.
AfDB issues Letter of Reprimand to Mitsubishi Heavy Industries for sanctionable practice in Egypt
16-03-2021 | 06:54:15
The African Development Bank (AfDB), announced it issued a sanction decision against Mitsubishi Heavy Industries (MHI), for sanctionable practice.
EBRD, Green Climate Fund extend cooperation by $500m
12-03-2021 | 07:07:00
The EBRD has reaffirmed its commitment to scaling up green inter mediated financing by approving additional headroom for the next phase of its successful large-scale partnership with the Green Climate Fund.
Eni closes agreement with partners for restart of Damietta LNG plant in Egypt
11-03-2021 | 05:13:31
The liquefaction plant, owned by SEGAS, with a capacity of 7.56 billion cubic meters per year, which has been idle since November 2012, has resumed production.
Alfa Laval wins energy efficiency order in Egypt
10-03-2021 | 12:52:40
Alfa Laval, a world player in heat transfer, centrifugal separation and fluid handling, has won an order to supply Alfa Laval OLMI air coolers to a refinery in Egypt.
EGYPTAIR Tourism, Duty Free Co. land cloud contract with IBM
10-03-2021 | 12:37:00
IBM, EGYPTAIR Tourism and Duty Free Co. announced a new agreement in which the airline will leverage IBM Cloud to scale and modernize EGYPTAIR Duty Free back-end operations and host its SAP Travel Retail System.
Cairn Energy announces proposed acquisition of production, development and exploration interests onshore Egypt
09-03-2021 | 14:39:00
Cairn, together with Cheiron, announced the proposed acquisition of a portfolio of upstream oil and gas production, development and exploration interests in the Western Desert, onshore Egypt.
World Bank approves $440m to support railway safety and service quality in Egypt
09-03-2021 | 07:54:00
The World Bank approved a $440 million loan to support Egypt’s initiatives to enhance the safety and service quality of the country’s railways.
Morocco suspends flights with Algeria, Egypt
08-03-2021 | 08:48:28
Morocco suspended all flights to and from Algeria and Egypt as part of its efforts to curb the spread of COVID-19
United Oil & Gas announces spudding of the ASD-1X exploration well, Egypt
08-03-2021 | 08:35:15
United Oil & Gas PLC, the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets has announced the spudding of the ASD-1X exploration well in the Abu Sennan Licence , Egypt.
Gulf Capital exits investment in ECDC, Middle East and Africa oil & gas company
05-03-2021 | 13:13:00
Gulf Capital, a growth markets alternative investment firm, announced the successful and full exit of its investment in ECDC, an oil & gas drilling and production services provider in the Middle East and Africa.
[Egypt] SDX Energy extends West Gharib PSA for ten years to 2031
05-03-2021 | 12:47:12
SDX Energy announced it has received final approval from the Egyptian authorities to extend the Production Services Agreements governing its producing Meseda and Rabul oil fields in its West Gharib concession in Egypt until 9 November 2031.
Suez Canal Bank selects Temenos to transform digital banking in Egypt
05-03-2021 | 06:11:00
Temenos, the banking software company, announced Suez Canal Bank has selected Temenos Infinity to transform the digital customer experience for its retail and business banking.
Telecom Egypt plans launching HARP, a new subsea system circling the African continent
04-03-2021 | 06:28:43
It will connect coastal and landlocked African countries to Europe through the company’s widespread terrestrial and subsea infrastructure.
African Development Bank approves $27.2m loan to establish Kom Ombo solar power plant in Egypt
04-03-2021 | 06:19:00
The African Development Bank approved $27.2 million in loan financing for the design, construction and operation of a 200 MW photovoltaic solar power plant at Kom Ombo, in Upper Egypt on the river Nile.
DHL Industrial Projects transports 676 passenger coaches from Hungary to Egypt
03-03-2021 | 13:31:00
DHL Industrial Projects, is supporting Dunakeszi Járműjavító Kft with the transport of the largest order of rolling stock in the history of Hungary. In total, 676 coaches are being transferred from the production site in Dunakeszi, Hungary, to Egypt.
[Africa Tech Review] Duncan Mochama: Fintech is driving and reshaping the financial sector in Africa
25-02-2021 | 12:07:02
As a key driver of growth in the region, fintech has become a viable alternative to traditional banking in both urban and rural areas.
Turboden, Siemens Energy start development of high efficient gas compressor station at GASCO in Egypt
25-02-2021 | 11:28:00
Turboden, the supplier of largest high-temperature ORC system ever built, which, coupled with 20 MWe electric motor driven (EMD) compressors supplied by Siemens Energy, is boosting the efficiency of GASCO Dahshour gas compressor station in Egypt.
[Egypt] DFS Lab Announces Fintech and Digital Economy Design Sprint for startups
25-02-2021 | 04:29:42
Early-stage investor DFS Lab has announced that it will facilitate a virtual design sprint in March 2021 for fintech startups in Egypt.
Egyptian Ministry of Petroleum, Schlumberger announce launch of Egypt Upstream Gateway
19-02-2021 | 06:24:00
The Egyptian Ministry of Petroleum and Schlumberger announced the launch of the Egypt Upstream Gateway, an innovative national project for the digitalization of subsurface information.
Energean, EGPC JV partners award NEA/NI iEPCI contract to TechnipFMC offshore Egypt
18-02-2021 | 06:51:00
Energean announced that AbuQir Petroleum, a Joint Venture between Energean and EGPC, signed an integrated EPCI iEPCI contract to global offshore services provider TechnipFMC for a subsea tie-back located offshore Egypt.
IFC finances Pasabahce Egypt to support exports, sustainable glass production and jobs
17-02-2021 | 14:09:00
IFC announced a financing package for leading glassware manufacturer Pasabahce Egypt for Glass Manufacturing S.A.E. to help the company boost exports, introduce cleaner production practices, and create jobs.
Bechtel signs coker supply contract with Petrojet for SOPC upgrade in Egypt
17-02-2021 | 09:15:06
Bechtel has been selected to supply the coker furnace equipment for the Suez Oil Processing Company’s (SOPC) energy efficiency and upgrade program in Egypt.
United Oil and Gas provides ASH-3 development update in Egypt
15-02-2021 | 12:06:00
United Oil & Gas (UOG), the oil and gas company with a portfolio of production, development, exploration and appraisal assets, provided an update on the drilling of the ASH-3 well in the Abu Sennan concession, onshore Egypt.
LuLu Group launches new store in Egypt, its 200th store globally
11-02-2021 | 13:54:32
The 8,700 square-metre hypermarket is the third LuLu in Egypt, which is planning to expand further in the biggest market in the MENA region.
EBRD supports new dry port development in Egypt
10-02-2021 | 14:16:18
The European Bank for Reconstruction and Development (EBRD) is supporting the construction of a dry port and logistics centre in 10th of Ramadan City, Egypt, with a €1 million contribution to project preparation and procurement.
10MW solar power plant to be built in DR Congo with Egypt’s support
10-02-2021 | 09:04:00
The Democratic Republic of Congo has just signed an agreement with Egypt for the establishment of a solar power plant in the Central African country.
Hitachi ABB Power Grids to provide Egypt’s first advanced power quality solution to support grid expansion
10-02-2021 | 07:15:45
Global energy solutions company Hitachi ABB Power Grids will provide state-owned Egyptian Electricity Transmission Company (EETC) with high-performance grid stabilization technology to help improve power quality and expand transmission.
Orange Egypt certified as a Top Employer in Egypt and Africa for 2021
09-02-2021 | 11:35:09
Orange Egypt, provider of integrated telecommunications services, has been certified as “Top Employer for 2021” in Egypt and Africa for the seventh year in a row by the global Top Employers institute.
CDC invests $100m in Egyptian Alfa Medical Group
09-02-2021 | 10:04:00
CDC Group, the UK’s development finance institution and impact investor, announced a $100 million minority equity investment in Egyptian Alfa Medical Group (AMG).
Orange Business Services to build cloud-based ICT Infrastructure for Egypt’s newest smart city
09-02-2021 | 09:32:51
Orange Business Services, a network-native digital services company, has announced that it will design and build a new data center to provide cloud services for Egypt’s ‘New Administrative Capital'.
NEC to increase Orange Egypt LTE network capacity with microwave radios
05-02-2021 | 13:23:30
NEC Corporation has announced it has been selected by Orange Egypt to provide additional units of iPASOLINK EX Advanced, NEC's outdoor, integrated, ultra-compact microwave radio system supporting 70-80 GHz band communications.
Arab African International Bank supports Egypt’s drive towards cashless economy
03-02-2021 | 11:11:00
In support of the Central Bank of Egypt’s accelerated drive towards a cashless economy, the Arab African International Bank (AAIB), announced it will offer Egyptian merchants the state-of-the-art N-Genius™ acceptance platform.
ADES secures new contract in Egypt for Admarine 5
28-01-2021 | 08:09:13
ADES International, oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has secured a new contract for Admarine 5 in the Gulf of Suez in Egypt.
Hikma Pharmaceuticals enters agreement to acquire assets of GSK’s Egyptian subsidiary
27-01-2021 | 13:50:32
Hikma Pharmaceuticals has entered into a non-binding term sheet with GlaxoSmithKline (GSK) for the purposes of potentially acquiring GSK’s interests in Egypt and Tunisia
First Abu Dhabi Bank acquires 100% stake in Bank Audi Egypt
25-01-2021 | 14:27:00
Bank Audi and First Abu Dhabi Bank (FAB) announced the signing of a definitive agreement for the acquisition by FAB of 100% of the share capital of Bank Audi sae, Bank Audi’s subsidiary in Egypt.
Mubadala Petroleum signs concession agreement for Red Sea Block 4 in Egypt
22-01-2021 | 07:05:00
Egyptian Minister for Petroleum and Mineral Resources Tariq Al-Mulla, signed the concession agreement with Mubadala Petroleum for oil and gas exploration activities in the Red Sea Block 4.
Energean announces NEA/NI concession Final Investment Decision offshore Egypt
21-01-2021 | 13:08:17
Energean announced that Final Investment Decision has been taken on the North El Amriya and North Idku (NEA/NI) concession subsea tieback project in offshore Egypt.
New IFC initiative helps banks in Mexico, Philippines, South Africa and Egypt scale climate finance
21-01-2021 | 06:51:00
Through a new initiative, IFC will work with financial institutions in four countries to mobilize private sector financing for climate mitigation and adaptation projects and help align financial-sector strategies with the targets of the Paris Climate Agreement.
Qatar Airways resumes flights to Cairo, Egypt
20-01-2021 | 13:40:00
Qatar Airways resumed flights to Cairo in the Arab Republic of Egypt with a daily service. QR1301 departed Hamad International Airport to Cairo International Airport at 15:15 local time and landed at its destination at 17:40 local time.
Telecom Egypt and the Ministry of Social Solidarity sign agreement to support social protection programmes
19-01-2021 | 10:27:45
Telecom Egypt and the Ministry of Social Solidarity have signed an agreement to provide telecommunications services to the Ministry and the beneficiaries of social protection programs, namely the "Takaful and Karama" programmes.
Apex International discovers oil in Egypt’s Western Desert
19-01-2021 | 06:27:00
Apex International Energy, which is backed in part by UK energy investment firm Blue Water Energy, announced a new oil discovery in Southeast Meleiha Concession (SEM), located in the Western Desert of Egypt.
Siemens Mobility signs MoU to install high-speed rail system in Egypt
18-01-2021 | 09:16:19
The National Authority for Tunnels, a governmental authority under the jurisdiction of the Ministry of Transport of Egypt, and Siemens Mobility signed an MoU to design, install and commission Egypt’s first ever high-speed rail transportation system.
Egypt launches EBRD-UNWTO tourism recovery assistance package
14-01-2021 | 06:40:53
The European Bank for Reconstruction and Development (EBRD) and the United Nations World Tourism Organization (UNWTO), joined forces to support countries that are among the most dependent on tourism for jobs and economic growth.
EFG Hermes concludes first issuance of securitization bonds for 3 companies in Egypt
13-01-2021 | 13:28:19
EFG Hermes, the financial services corporation in Frontier Emerging Markets (FEM), announced the successful closing of the first issuance in an EGP 6.5 billion securitization program for Amer Group, Porto Group, and Qasatli.
Egypt’s life science startup Nawah Scientific raises $1m round for market expansion
13-01-2021 | 06:59:00
Egyptian life science startup Nawah Scientific announced the the closing a second pre-series A round of $1 million in mixed equity and debt capital, raising its total funding to $2 million.
Egyptian telemedicine startup Docspert Health secures funding round for geographical expansion
13-01-2021 | 06:38:00
Docspert Health, a telemedicine startup with operations in the UK and Egypt, announced it has successfully closed Six-Figure USD investment in seed funding from Flat6Labs and a group of angel investors in the UK and USA.
Zenith Energy announces cooperation agreement for new acquisitions in MENA region
11-01-2021 | 08:52:56
Zenith Energy announced it has entered into a cooperation agreement (CA) with Fleet Oil & Gas, a privately owned oil and gas company led by the former Egyptian Petroleum Minister, Eng. Mahmoud Latif Amer.
Arab Investment Bank selects Temenos to drive digital growth, financial inclusion in Egypt
08-01-2021 | 14:09:00
Temenos, the banking software company announced that Arab Investment Bank has selected Temenos to power its digital customer experience.
Ovamba and Singularity Finance launch TradeTech partnership in Egypt
08-01-2021 | 05:06:33
TradeTech innovator, Ovamba Solutions and financial services provider, Singularity Finance have partnered to deliver financial inclusion and growth capital to small and growing businesses in Egypt.
[Egypt] Fintech startup Cassbana raises $1m pre-seed funding from Disruptech Ventures
07-01-2021 | 14:15:24
Egypt-based fintech startup Cassbana has raised $1 million in a pre-seed funding round led by Egyptian fintech-focused venture capitalist fund Disruptech Ventures.
USTDA grants APRC and SOPC to support refinery upgrades in Egypt
07-01-2021 | 07:27:06
The U.S. Trade and Development Agency (USTDA) awarded grants to the Amreya Petroleum Refining Company (APRC) and Suez Oil Processing Company (SOPC) for feasibility studies to modernize each company’s refinery.